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JAPAN MANUFACTURING PMI STABLE IN DECEMBER - JIBUN



The manufacturing sector in Japan improved in December to a level of stability, the latest survey from Jibun Bank showed on Monday with a manufacturing PMI score of 50.0.

That's up from 49.0 in November and it now sits right on the line that separates expansion from contraction.

Individually, output stabilized for the first time in 23 months and employment rose for the first time since February.

New orders meanwhile, were reduced to the least marked extent of the past two years. According to anecdotal evidence, confidence remained downbeat due to the lingering impacts of the pandemic, although there was evidence that conditions were improving, notably in the automotive sector.

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EUROPEAN ECONOMICS PREVIEW: GERMANY RETAIL SALES, UNEMPLOYMENT DATA DUE



Retail sales and unemployment figures from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's retail sales and unemployment data. Sales are forecast to fall 2 percent on month in November, reversing a 2.6 percent rise in October.

Half an hour later, consumer price figures are due from Switzerland. Economists forecast consumer prices to fall 0.7 percent annually in December, the same rate of decrease as seen in November.

At 3.00 am ET, Spain's unemployment data for December is due.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data for December. The jobless rate is seen at 6.1 percent, unchanged from November.

At 4.00 am ET, the European Central Bank is set to release money supply data. Economists expect the M3 money supply to climb 10.6 percent annually, following a 10.5 percent rise in October.

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SINGAPORE PRIVATE SECTOR CLIMBS INTO EXPANSION - MARKIT



The private sector in Singapore moved into expansion territory in December, the latest survey from Markit Economics showed on Wednesday with a PMI score of 50.5.

That's up from 46.7 in November, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders increased for the first times since January with respondents mentioning stronger demand, a rise in e-commerce sales and promotional activity.

New orders from oversea markets also rose, and at the strongest rate since November 2018. Subsequently, firms raised output during December, which rebounded from November's relatively solid contraction.

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AUSTRALIA HAS A$5.022 BILLION TRADE SURPLUS IN NOVEMBER



Australia had a merchandise trade surplus of A$5.022 billion in November, the Australian Bureau of Statistics said on Thursday.

That was shy of expectations for a surplus of A$6 billion and down from the downwardly revised A$6.583 billion in October (originally A$7.456 billion).

Imports were up 10 percent on month after gaining an upwardly revised 2 percent in the previous month (originally 1 percent).

Exports rose 3 percent on month, slowing from the downwardly revised 4.4 percent gain a month earlier (originally 5 percent).

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EUROPEAN ECONOMICS PREVIEW: GERMAN INDUSTRIAL OUTPUT, FOREIGN TRADE DATA DUE



Industrial production and foreign trade figures are due from Germany on Friday, headlining a busy day for the European economic news.

At 1.45 am ET, Swiss unemployment data is due. The jobless rate is seen at 3.5 percent in December versus 3.4 percent in November.

At 2.00 am ET, Destatis is slated to issue Germany's industrial production and external trade data. Exports are forecast to grow 0.8 percent on month in November, the same rate as seen in October. The annual growth in imports is seen rising to 0.4 percent from 0.3 percent.

Industrial production is expected to climb 0.7 percent on month in November versus a 3.2 percent rise in October.

In the meantime, industrial production from Norway and foreign trade from Finland are due.

At 2.45 am ET, the French statistical office Insee is slated to issue consumer spending and industrial production data for November. Also, foreign trade and current account figures are due from France.

At 3.00 am ET, industrial production from Hungary and foreign trade from Slovakia are due. In the meantime, the Czech Statistical Office releases third quarter GDP data and industrial output.

Half an hour later, UK Halifax house price data is due. Economists expect house prices to climb 0.5 percent on month in December, slower than the 1.2 percent rise seen in November.

Also, industrial production and new orders are due from Statistics Sweden.

At 4.00 am ET, Italy's unemployment data is due for November. The rate stood at 9.8 percent in October.

At 5.00 am ET, Eurostat is set to publish euro area unemployment data for November. The jobless rate is expected to rise to 8.5 percent from 8.4 percent in October.

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CHINA CONSUMER PRICES RISE 0.2% ON YEAR IN DECEMBER



Consumer prices in China were up 0.2 percent on year in December, the National Bureau of Statistics said on Monday.

That exceeded expectations for an increase of 0.1 percent following the 0.5 percent contraction in November.

On a monthly basis, inflation was up 0.7 percent - again beating forecasts for an increase of 0.4 percent following the 0.6 percent decline in the previous month.

The bureau also said that producer prices were down 0.4 percent on year, beating forecasts for a fall of 0.8 percent after sinking 1.5 percent a month earlier.

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JAPAN HAS Y1,878.4 BILLION CURRENT ACCOUNT SURPLUS



Japan posted a current account surplus of 1,878.4 billion yen in November, the Ministry of Finance said on Tuesday.

That exceeded expectations for a surplus of 1,551 billion yen and was down from 2,144.7 billion yen in October.

Exports were down 3.4 percent on year to 6.039 trillion yen, while imports sank an annual 13.6 percent to 5.423 trillion yen. The trade balance showed a surplus of 616.1 billion yen.

The capital account showed a surplus of 2.1 billion yen and the financial account had a surplus of 1,593.3 billion yen.

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SOUTH KOREA UNEMPLOYMENT DATA DUE ON WEDNESDAY



South Korea will on Wednesday release unemployment figures for December, highlighting a light day for Asia-Pacific economic activity. The jobless rate in November was 4.1 percent.

Japan will see December numbers for machine tool orders; in November, orders were up 8.0 percent on year.

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EUROPEAN ECONOMICS PREVIEW: GERMANY GDP DATA DUE



GDP data from Germany and the account of the monetary policy meeting from the European Central Bank are due on Thursday, headlining a light day for the European economic news.

At 1.00 am ET, December consumer price data is due from Statistics Finland. Prices had increased 0.2 percent on year in November.

At 4.00 am ET, Destatis is slated to publish Germany's GDP data for the whole year of 2020. The economy is forecast to shrink 5.1 percent in 2020 after rising 0.6 percent in 2019.

At 5.00 am ET, consumer price figures are due from Greece. At 6.00 am ET, the Central Statistics Office is scheduled to issue Ireland's consumer price data for December.

At 7.30 am ET, the ECB is slated to release the account of the monetary policy meeting of the Governing Council held on December 9 and 10.

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AUSTRALIA OVERALL HOME LOANS RISE 5.6% IN NOVEMBER



The total value of overall home loans in Australia was up a seasonally adjusted 5.6 percent on month in November, the Australian Bureau of Statistics said on Friday - coming in at A$23.96 billion.

Owner-occupied home loans gained 5.5 percent to A$18.34 billion, while investment lending climbed 6.0 percent to A$5.61 billion.

On a yearly basis, overall lending jumped 23.7 percent, owner-occupied loans surged 31.4 percent and investment lending rose 3.9 percent.

Personal fixed term loans jumped 13.2 percent on month and 5.8 percent on year to A$1.76 billion.

Business construction loans plummeted 49.6 percent on month and 62.1 percent on year to A$1.02 billion.

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